Municipalities whose price momentum (1-year and 5-year) ranks higher than their price level (a Fudosan Zukan indicator).
Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
| Rank | Area | Undervalued | Avg. residential | 1 year | 5 years | Index |
|---|---|---|---|---|---|---|
| 1401 | Iwakura City Aichi |
44/100 | ¥114K/m² | +0.9% | +5.0% | 69 |
| 1402 | Fuso Town Aichi |
44/100 | ¥72K/m² | +0.4% | +2.6% | 66 |
| 1403 | Kanie Town Aichi |
44/100 | ¥86K/m² | +0.5% | +5.5% | 65 |
| 1404 | Ise City Mie |
44/100 | ¥30K/m² | −0.2% | −3.0% | 55 |
| 1405 | Nabari City Mie |
44/100 | ¥30K/m² | −0.4% | −2.4% | 46 |
| 1406 | Hikone City Shiga |
44/100 | ¥42K/m² | +0.2% | −1.1% | 58 |
| 1407 | Seika Town Kyoto |
44/100 | ¥73K/m² | +0.9% | +1.6% | 65 |
| 1408 | Kishiwada City Osaka |
44/100 | ¥91K/m² | +1.3% | +3.1% | 71 |
| 1409 | Nose Town Osaka |
44/100 | ¥14K/m² | −1.1% | −8.7% | 25 |
| 1410 | Himeji City Hyogo |
44/100 | ¥68K/m² | +0.5% | +0.8% | 68 |
| 1411 | Yamatokoriyama City Nara |
44/100 | ¥72K/m² | +0.3% | +2.0% | 66 |
| 1412 | Ikoma City Nara |
44/100 | ¥98K/m² | +1.2% | +4.3% | 73 |
| 1413 | Iwade City Wakayama |
44/100 | ¥38K/m² | +0.1% | −2.0% | 51 |
| 1414 | Kimino Town Wakayama |
44/100 | ¥17K/m² | −1.5% | −5.3% | 25 |
| 1415 | Koya Town Wakayama |
44/100 | ¥18K/m² | −0.8% | −7.2% | 27 |
| 1416 | Shirahama Town Wakayama |
44/100 | ¥27K/m² | −0.4% | −3.8% | 41 |
| 1417 | Susami Town Wakayama |
44/100 | ¥14K/m² | −1.2% | −8.2% | 24 |
| 1418 | Kasaoka City Okayama |
44/100 | ¥30K/m² | −0.5% | −2.1% | 49 |
| 1419 | Ibara City Okayama |
44/100 | ¥17K/m² | −1.2% | −6.0% | 33 |
| 1420 | Saka Town Hiroshima |
44/100 | ¥74K/m² | +0.3% | +2.1% | 64 |
| 1421 | Naruto City Tokushima |
44/100 | ¥30K/m² | −0.4% | −2.3% | 47 |
| 1422 | Anan City Tokushima |
44/100 | ¥31K/m² | −0.4% | −2.2% | 53 |
| 1423 | Aizumi Town Tokushima |
44/100 | ¥47K/m² | ±0.0% | −0.4% | 54 |
| 1424 | Marugame City Kagawa |
44/100 | ¥35K/m² | −0.1% | −1.7% | 56 |
| 1425 | Kan-onji City Kagawa |
44/100 | ¥23K/m² | −0.7% | −3.9% | 44 |
| 1426 | Utazu Town Kagawa |
44/100 | ¥34K/m² | −0.1% | −2.1% | 47 |
| 1427 | Tadotsu Town Kagawa |
44/100 | ¥27K/m² | −0.6% | −3.0% | 45 |
| 1428 | Ikata Town Ehime |
44/100 | ¥15K/m² | −1.5% | −7.2% | 22 |
| 1429 | Tosashimizu City Kochi |
44/100 | ¥16K/m² | −1.2% | −6.2% | 27 |
| 1430 | Kusu Town Oita |
44/100 | ¥20K/m² | −1.1% | −4.7% | 36 |
| 1431 | Akune City Kagoshima |
44/100 | ¥9,237/m² | −2.6% | −12.8% | 15 |
| 1432 | Tarumizu City Kagoshima |
44/100 | ¥12K/m² | −1.9% | −9.1% | 19 |
| 1433 | Minamikyushu City Kagoshima |
44/100 | ¥8,940/m² | −2.9% | −11.6% | 19 |
| 1434 | Nishikan Ward Niigata City, Niigata |
44/100 | ¥17K/m² | −1.1% | −6.3% | 36 |
| 1435 | Aoi Ward Shizuoka City, Shizuoka |
44/100 | ¥147K/m² | +2.1% | +6.3% | 80 |
| 1436 | Chuo-ku Hamamatsu City, Shizuoka |
44/100 | ¥80K/m² | +0.9% | +2.7% | 72 |
| 1437 | Kita Ward Kyoto City, Kyoto |
44/100 | ¥295K/m² | +3.6% | +12.1% | 85 |
| 1438 | Sakyo Ward Kyoto City, Kyoto |
44/100 | ¥281K/m² | +3.4% | +11.4% | 88 |
| 1439 | Nishikyo Ward Kyoto City, Kyoto |
44/100 | ¥228K/m² | +2.9% | +12.1% | 82 |
| 1440 | Kawasaki Town Miyagi |
43/100 | ¥9,025/m² | −2.9% | −15.2% | 9 |
| 1441 | Inawashiro Town Fukushima |
43/100 | ¥14K/m² | −1.7% | −8.3% | 23 |
| 1442 | Nakagawa Town Tochigi |
43/100 | ¥10K/m² | −2.5% | −10.9% | 14 |
| 1443 | Maebashi City Gunma |
43/100 | ¥49K/m² | +0.2% | −0.9% | 64 |
| 1444 | Shinto Village Gunma |
43/100 | ¥22K/m² | −0.7% | −5.1% | 36 |
| 1445 | Gyoda City Saitama |
43/100 | ¥32K/m² | −0.3% | −2.7% | 50 |
| 1446 | Sayama City Saitama |
43/100 | ¥113K/m² | +1.2% | +3.9% | 70 |
| 1447 | Hasuda City Saitama |
43/100 | ¥94K/m² | +0.6% | +3.3% | 69 |
| 1448 | Sakado City Saitama |
43/100 | ¥83K/m² | +0.4% | +3.0% | 67 |
| 1449 | Moroyama Town Saitama |
43/100 | ¥37K/m² | −0.2% | −1.8% | 56 |
| 1450 | Namegawa Town Saitama |
43/100 | ¥52K/m² | ±0.0% | +0.9% | 61 |
| 1451 | Ranzan Town Saitama |
43/100 | ¥37K/m² | −0.3% | −0.9% | 53 |
| 1452 | Miyashiro Town Saitama |
43/100 | ¥56K/m² | +0.1% | +0.5% | 58 |
| 1453 | Fussa City Tokyo |
43/100 | ¥173K/m² | +1.7% | +7.3% | 76 |
| 1454 | Yugawara Town Kanagawa |
43/100 | ¥69K/m² | +0.8% | ±0.0% | 59 |
| 1455 | Miyada Village Nagano |
43/100 | ¥17K/m² | −1.2% | −7.0% | 25 |
| 1456 | Ogaki City Gifu |
43/100 | ¥50K/m² | +0.4% | −1.1% | 63 |
| 1457 | Mino City Gifu |
43/100 | ¥23K/m² | −0.7% | −4.3% | 41 |
| 1458 | Yamagata City Gifu |
43/100 | ¥18K/m² | −1.2% | −5.6% | 34 |
| 1459 | Kaizu City Gifu |
43/100 | ¥19K/m² | −0.8% | −6.9% | 34 |
| 1460 | Mishima City Shizuoka |
43/100 | ¥106K/m² | +1.2% | +2.9% | 72 |
| 1461 | Fukuroi City Shizuoka |
43/100 | ¥42K/m² | −0.2% | −0.8% | 60 |
| 1462 | Mori Town Shizuoka |
43/100 | ¥28K/m² | −0.6% | −3.3% | 44 |
| 1463 | Inuyama City Aichi |
43/100 | ¥64K/m² | −0.1% | +1.7% | 64 |
| 1464 | Yatomi City Aichi |
43/100 | ¥62K/m² | ±0.0% | +1.8% | 60 |
| 1465 | Oyamazaki Town Kyoto |
43/100 | ¥154K/m² | +1.2% | +8.7% | 68 |
| 1466 | Ikeda City Osaka |
43/100 | ¥203K/m² | +2.7% | +7.7% | 82 |
| 1467 | Kawachinagano City Osaka |
43/100 | ¥64K/m² | +0.3% | +0.4% | 62 |
| 1468 | Asago City Hyogo |
43/100 | ¥22K/m² | −0.6% | −4.9% | 39 |
| 1469 | Kashihara City Nara |
43/100 | ¥92K/m² | +0.6% | +2.4% | 68 |
| 1470 | Oji Town Nara |
43/100 | ¥72K/m² | +0.4% | +0.8% | 65 |
| 1471 | Minabe Town Wakayama |
43/100 | ¥25K/m² | −0.5% | −4.1% | 38 |
| 1472 | Taiji Town Wakayama |
43/100 | ¥16K/m² | −1.3% | −7.0% | 23 |
| 1473 | Tottori City Tottori |
43/100 | ¥33K/m² | −0.1% | −2.7% | 57 |
| 1474 | Takahashi City Okayama |
43/100 | ¥16K/m² | −1.3% | −7.6% | 28 |
| 1475 | Katsuura Town Tokushima |
43/100 | ¥13K/m² | −1.8% | −8.5% | 19 |
| 1476 | Shodoshima Town Kagawa |
43/100 | ¥15K/m² | −1.3% | −8.0% | 25 |
| 1477 | Seiyo City Ehime |
43/100 | ¥16K/m² | −1.4% | −6.6% | 30 |
| 1478 | Masaki Town Ehime |
43/100 | ¥65K/m² | +0.5% | −0.2% | 62 |
| 1479 | Konan City Kochi |
43/100 | ¥26K/m² | −0.7% | −3.8% | 45 |
| 1480 | Ino Town Kochi |
43/100 | ¥35K/m² | −0.3% | −1.7% | 54 |
| 1481 | Chikujo Town Fukuoka |
43/100 | ¥12K/m² | −2.1% | −8.6% | 20 |
| 1482 | Kagoshima City Kagoshima |
43/100 | ¥96K/m² | +0.9% | +3.0% | 76 |
| 1483 | Ibusuki City Kagoshima |
43/100 | ¥11K/m² | −2.3% | −10.1% | 22 |
| 1484 | Sakura Ward Saitama City, Saitama |
43/100 | ¥168K/m² | +1.7% | +7.5% | 79 |
| 1485 | Wakkanai City Hokkaido |
42/100 | ¥10K/m² | −2.4% | −12.4% | 13 |
| 1486 | Urakawa Town Hokkaido |
42/100 | ¥8,810/m² | −3.0% | −17.9% | 7 |
| 1487 | Karumai Town Iwate |
42/100 | ¥12K/m² | −1.4% | −18.4% | 14 |
| 1488 | Kawamata Town Fukushima |
42/100 | ¥14K/m² | −2.6% | −7.4% | 23 |
| 1489 | Tochigi City Tochigi |
42/100 | ¥22K/m² | −0.8% | −4.7% | 40 |
| 1490 | Sano City Tochigi |
42/100 | ¥26K/m² | −0.8% | −4.1% | 43 |
| 1491 | Shibukawa City Gunma |
42/100 | ¥25K/m² | −0.5% | −5.3% | 44 |
| 1492 | Chichibu City Saitama |
42/100 | ¥33K/m² | −0.5% | −2.4% | 52 |
| 1493 | Akiruno City Tokyo |
42/100 | ¥95K/m² | +0.3% | +3.1% | 70 |
| 1494 | Ninomiya Town Kanagawa |
42/100 | ¥87K/m² | +1.0% | +0.2% | 57 |
| 1495 | Oi Town Kanagawa |
42/100 | ¥61K/m² | +0.5% | −1.2% | 55 |
| 1496 | Nyuzen Town Toyama |
42/100 | ¥21K/m² | −0.8% | −6.4% | 34 |
| 1497 | Tsuru City Yamanashi |
42/100 | ¥39K/m² | −0.2% | −1.5% | 52 |
| 1498 | Nirasaki City Yamanashi |
42/100 | ¥29K/m² | −0.5% | −3.4% | 43 |
| 1499 | Kasamatsu Town Gifu |
42/100 | ¥41K/m² | −0.1% | −1.6% | 54 |
| 1500 | Yoro Town Gifu |
42/100 | ¥21K/m² | −1.1% | −4.6% | 35 |
1795 areas · calculated Nov 4, 2026. Wards of designated cities are counted separately; areas with few survey sites are excluded.
Based on Japan's official land price surveys and MLIT transaction data, aggregated by Fudosan Zukan. Forecasts and the index are Fudosan Zukan indicators. Prices in Japanese yen.